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Business Valuations

Any accountant will tell you it's important to know your position with regard to assets versus liabilities. It's also critical to understand your real asset position for the purposes of refinancing, or gaining capital loans. More importantly, like any investment it's important to constantly know whether your assets are growing or declining in value.

To truly know that, your business (and, for that matter, your other major assets) needs to be valued regularly. Importantly, unlike your home, (the value of which can increase dramatically for reasons outside of your control), your business is a living, breathing entity that grows when the right forces are applied to it. For every business, the right forces are different. For some businesses it's changing processes or the way they do business, for others it's changing who they do business with. It may be changing the team structure, or tighter financial control, or implementing a solid strategic plan, and for others it's something entirely different.

Other important uses for business valuations include the necessity of ascertaining asset values for divorce and estate planning purposes. A business valuation performed by qualified professionals has the benefit of reducing uncertainty with respect to the issues of fairness, litigation defense and protection from taxing authorities who often challenge valuations that are not prepared with due professional care.

A periodic review of the value of your business then ultimately helps us increase your business's value much more quickly and also provides support and assurance when a specific tax or litigation situation calls for such a review. Speak with our business valuations expert John McGovern. John is a Certified Valuation Analyst (CVA), has received a special designation through the AICPA as Accredited in Business Valuation (ABV), as well as being a CPA, and has over twenty years of experience in valuing privately held businesses in a number of different industries. He can be reached via email at john@rodmancpa.com